Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• GOVERNMENT NATIONAL MORTGAGE ASSOCIATION
  
  On September 1, 1968, Congress enacted legislation to partition FNMA into two continuing corporation entities. GNMA has assumed responsibility for the special assistance loan programs. Also, GNMA administers the mortgage-backed securities programs that channel new sources of funds into residential financing through the sale of privately issued securities carrying the GNMAS guaranty.
  
  Back